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young on board with his health care law. will that work? the miscue over first down in sunday's redskins giants contest could turn the average nfl game into a laser show. we are looking forward to that in the next hour of markets now. connell: they to it. a lot of news. dagen: motor city, auto sales. connell: first to nicole petallides on the floor of the stock exchange looking at today's markets. nicole: good morning. good morning, everybody. right now all we mayybe clocking in some losses for the third day in a row for the dow and the s&p and we haven't seen that since september. dow jones industrials down 66 points at 15,932 and nasdaq down sitting at 1797, friday is jobs friday, watching for that. also a close eye on dow chemical which jumped to little bit yesterday on this news, pulling back now, trying to spin off part of their business so we have seen this moving back and forth, gains going back today. connell: breaking news in a detroit courtroom where a federal judge is ruling whether or not the city can continue with its bankruptcy filing. dagen: a win for the city? jeff flock
lori: there are still all law, there is a lot more than needs to be worked out with detroit so what you need to know. adam: don't take your eye off the market, stocks tumbling with the dow below 16,000 and the s&p below 1800. new highs reached for the first time just last month. cheryl: lori: halfwit between snap chat and ed snowden, that is the model for secure messaging apps welker. we talked to its co-founder and ceo in a new invention arms rates in the wake of ed snowden. welcome back. they troy to the big story today but first the markets, the dow is down triple digits of 104 and all 3 major averages extending losses. let's go to nicole petallides on a floor of the stock exchange for an update. nicole: we are looking at the markets under pressure, third day in a row of selling as we watch that. we seen that since september but the trend has been lower. we have 104 points, down 1/2%. down 1/4%. below is 15,082. let's get to apple because that is a different era green on the screen. 6178. and did well to three orders and that was the beginning, they were buying a ipad. lori: the
law trumps the state constitution that holds pensions. i would not like to see deep cuts or any cuts unless the whole thing is fair and equitable. it is a bankruptcy term. it does not mean it is fair. it is not fair to restructure a city on the back of a pension. it means there will be an equitable sharing of the pain. dagen: they are on the same line as the creditors, right? the bondholders. >> people who have invested money. they are concerned of compromising people who have invested money because they have to invest in the future. this is a very interesting and important decision. dagen: do you believe no new investments will come at the city once the restructuring is done? >> i think with this ruling estimate does not get overturn overturned, he is not going to stop the proceedings while the well billiard unions to appeal this. you have a lot of assets in detroit, the art collection, for example, somebody could come in and loan money even immediately or in the near future to collateralize by the art collection and give them some needed fuel. but the mismatch between finances and
at drug costs. this is evidence of the complexity of this law. the upper midwest with a weekend storm tmaceatening, pushing up energy prices and using instagram to gauge how happy an entire city is. the top five happiest cities in the nation according to one survey, two cities from the same state. the you live there? Ò i o you f l good? so much more coming up on this hour of maumets now. ♪ connell: i wasn't even there. dagen: no indication. Ò i ogs are supposed to make you happy. food and dogs. dennis: christmas season, the tree over there. dagen: holiday tree. connell: i know. iatollowing up. to start it off at the top of the hour at the stock exchange. nicole: good morning. things are looking down again. the dow and the s&p down four days in our row. we will s what hstapens between now and then, right now, down 56 points, thousand eight thirty-three. and the nasdaq composite down 9 points, a quarter of 1%. the big picture is everybody is moving to the fed. the fed keeper as soon as this month, there is a m ting this month and with economic news, better cdc dropped o begin taperi
back and rework abroad parts of the law or rework the law altogether, you are constantly sticking your finger in the jam. >> government reform is like trying to fix the previous year's mistakes, the difference is it is unpopular, that has to express itself politically some held. republicans will be running against the law in 2014, probably making gains because of that but only running against, they want to repeal but not ready to coalesce around replays, and until they are we y i have said repeatedly on the show the problem we have seen and people experience are only related to the individual insurance market. we have as yet to begin to feel the impact and the on the employer pays to insurance. >> if you think about the various waves about rage the first one if you like your plan you can keep it, the biggest one might be that obama has repeatedly said this lot is going to save american families on average up to $2,500 bet people thinking they will save money on going to get that sticker shock, people with employer based plans like me or like you are going to see that some time in the n
to change the subject as much as possible. laws and the city are taking care of very important response abilities here until they've been pigmentation problems can get worked out. in one sense it helped. but also similar reason driving is as both parties are trying to kick this out for two more years to have an election and decide how these issues get resolved. accommodation suggests they will get a deal in the next couple of days. dagen: this is if you have described it to use your words some low hanging fruit. how does this deal come together and what are the chances it does? >> i think it is slightly better than 50% chance it is going to get done. remember, the two chairs negotiating the steel are not here to tell us what they want to get done, they feel confident they will get something done. the issue here is last-minute demands. the republicans think they need some level of entitlement changes to get the rank-and-file members, thre slayer pushing han this changes to hospital spending for medicaid. the democrats pushing for more spending on unemployment insurance possibly inclusion
court is refusing to hear appeals from two major online retailers against new york state's sales tax law. amazon and challenged the law requiring collection of the taxes in states where they have no physical presence. states reportedly lose $23 billion a year in uncollected sales taxes from online retailers. >>> u.s. manufacturing grew last month at the fastest pace since april of 2011. that is according to the ism index. manufacturing rose in november to 57.3. that is up from 56.4. that is the reading for october. and highest reading in 2 1/2 years just clocked in. >>> dow chemical is weighing options to sell most of its chlorine operations its oldest business as part after plan to sell assets worth 3 to $4 billion. dow is moving away from chemical production, to focus on electronics, packaging and agriculture. that is the latest from "fox biz." adam: bill ackman may be disengaging from the media but is he actually going away? charlie gasparino joins us looking like spock from the alternate universe in that episode from "star trek" with the pointy ears. what is with the be
're -- 401(k)s might not be the answer. no bill, no plans, no votes, no basic law change to your point. >> right. tracy: so now what? >> tracy, that's great. what is going to happen, there are two stories, there is a political story and economic story. in illinois, the legislature, general assembly of senate and governor are all democrats thise republican votes because republicans had to vote for it because they didn't want to obstruct pension reform. good news something is better than nothing. now the politically, we're in a stalemate. everyone will declare victory you heard the governor say it. we'll move on into the next political season. economically it's a little bit of a different answer. stopped thing killing us the most. illinois gave 3% automatic increase to all its retirees, automatic. not a cost of living increase. wasn't indexed. 3% automatic. that was been dim min ished, postponed and eliminated for a little while. makes a difference in acutarial assumptions when you don't have 3% compounding to infinity. we changed some of the retirement age there. is political challenge.
in touch with my wife at all today. >> thank god for the blue laws. closed on sundays. ashley: thank you, charles. love them all, don't you. tracy: i've been to them all. ashley: it is quarter past the hour. time to check these markets. nicole petallides also loves the mall. watching costco though, nicole. >> keeping close eye on costco, right now down 1.5%, sitting at 121.14, down a buck 83. we're watching costco closely because the numbers came out for the latest shopping season here. what we've seen, sales at the costco stores, same-store sales, rose 2% in november. you know what? that missed wall street analyst estimates. so a disappointment there. that increase that we saw, it was actually the least increase, the worst increase we've seen since september of 2009. so we're going to see some tough, tough season selling here. not only costco but the whole group overall. don't forget all the promotions where they don't make as much money on that. back to you. ashley: nicole, thank you very much. we'll be back to you at the bottom. hour. tracy: fast-food workers out in force trying to pu
this is never what my law was intended to do but they never do. >> pelosi-like statement we'll see how it works when it is in place. adam: thanks. lori: thanks, emac. adam: gotta have it. coming up next hour electronic sig gasser -- cigars and for man or woman who has everything. are you worried consolidation of the us airways and american merger will result in higher fares? your tweets as tracy byrnes and myself take you through the next hour of fox business. me. just by talking a helmet. it grabbed the patient's record before we even picked himp. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment from miles away. it even pulled strings with the stopligs. my ambulance talks with smoke alarms and pilots and adiums. but, of course, 's a good listener too. [ female announcer ] today cisco is connecting the internet of everything. so everything works like never before. wow...look at you. i've always tried to give it my best shot. these days i'm living with a higher risk of stroke due to afib, a type of irregular heartbeat, not caused
with this very confusing law. dagen: this is going to fall on the shoulders of those in the white house and the administration. i have people that left, right, in the middle, friends, people i know, acquaintances calling me on the phone, they have lost their insurance, they are trying to sign up, they can't, they don't know what to do. does the white house need to be communicating with them more directly, and what will they do for those people who are uninsured come january 2? >> that is the problem. i don't want the white house to be disconnected with what is happening in the marketplace. what is happening in the world. it is about lives being impacted, young men and women who wants to do the right thing but they don't know what to do and families losing insurance, businesses that don't know what it will mean for them down the road. this is bigger than this week or next week, it is a problem of confidence that don't think the president has done a lot to earn back the good word that he should be giving. do people still trust him? i don't think they do. that is a presence problems speaki
Search Results 0 to 10 of about 11